BI Asset Management Fondsmaeglerselskab A S Boosts Stock Holdings in Wabtec $WAB

BI Asset Management Fondsmaeglerselskab A S increased its stake in Wabtec (NYSE:WAB) by 328.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,029 shares of the transportation company’s stock after acquiring an additional 32,223 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Wabtec were worth $10,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversified Trust Co raised its position in Wabtec by 4.1% in the 1st quarter. Diversified Trust Co now owns 32,984 shares of the transportation company’s stock valued at $8,243,000 after purchasing an additional 1,306 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in Wabtec in the first quarter valued at approximately $221,000. Rockefeller Capital Management L.P. lifted its stake in Wabtec by 4.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,987 shares of the transportation company’s stock worth $3,839,000 after acquiring an additional 771 shares during the last quarter. World Investment Advisors lifted its stake in Wabtec by 14.3% in the fourth quarter. World Investment Advisors now owns 7,336 shares of the transportation company’s stock worth $1,566,000 after acquiring an additional 915 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Wabtec by 17.6% during the 4th quarter. Corient Private Wealth LLC now owns 13,163 shares of the transportation company’s stock worth $2,813,000 after acquiring an additional 1,967 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wabtec news, CEO Rafael Santana sold 60,852 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $268.89, for a total value of $16,362,494.28. Following the completion of the sale, the chief executive officer owned 128,729 shares in the company, valued at approximately $34,613,940.81. The trade was a 32.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sameer Gaur sold 1,082 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $263.50, for a total value of $285,107.00. Following the completion of the sale, the insider directly owned 11,985 shares of the company’s stock, valued at $3,158,047.50. The trade was a 8.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,423 shares of company stock worth $17,562,278 in the last 90 days. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WAB has been the topic of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Wabtec in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Wabtec in a report on Monday, April 20th. Wolfe Research restated an “outperform” rating and issued a $303.00 price target on shares of Wabtec in a research note on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price target on Wabtec from $290.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $318.00 price objective on shares of Wabtec in a report on Monday, April 27th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.82.

Wabtec Price Performance

Shares of NYSE:WAB opened at $274.49 on Monday. Wabtec has a 12 month low of $184.26 and a 12 month high of $278.39. The firm has a market capitalization of $46.58 billion, a P/E ratio of 38.82, a P/E/G ratio of 1.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.54. The company’s fifty day moving average price is $264.12 and its 200 day moving average price is $246.02.

Wabtec (NYSE:WAB) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.09. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. Wabtec had a net margin of 10.52% and a return on equity of 14.52%. Wabtec’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 earnings per share. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. As a group, sell-side analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 22nd were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.5%. Wabtec’s dividend payout ratio is 17.54%.

Wabtec Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.